Los Angeles Capital Management & Equity Research Has Cut Amgen (AMGN) Position By $9.49 Million; 0 Analysts Covering Mercantile Bank Corp. (MBWM)

November 15, 2017 - By Kurt Siggers

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank had 13 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, September 28 by DA Davidson. On Tuesday, August 25 the stock rating was upgraded by Raymond James to “Mkt Perform”. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) has “Hold” rating given on Friday, May 26 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Wednesday, July 22 by Sandler O’Neill. The firm earned “Hold” rating on Tuesday, October 17 by Keefe Bruyette & Woods. As per Tuesday, November 29, the company rating was downgraded by Keefe Bruyette & Woods. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The rating was downgraded by Raymond James to “Mkt Perform” on Wednesday, January 18. Hovde Group initiated Mercantile Bank Corp. (NASDAQ:MBWM) rating on Monday, November 21. Hovde Group has “Market Perform” rating and $32 target. The stock has “Buy” rating by DA Davidson on Monday, September 11. See Mercantile Bank Corp. (NASDAQ:MBWM) latest ratings:

17/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $35.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $34.0 Maintain
28/09/2017 Broker: DA Davidson Old Rating: Buy New Rating: Neutral Old Target: $35 Downgrade
11/09/2017 Broker: DA Davidson Old Rating: Neutral New Rating: Buy Old Target: $35 New Target: $35 Upgrade
06/07/2017 Broker: DA Davidson Rating: Neutral New Target: $35 Initiates Coverage On
26/05/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $35.0000 Maintain

Los Angeles Capital Management & Equity Research Inc decreased Amgen (AMGN) stake by 9.21% reported in 2017Q2 SEC filing. Los Angeles Capital Management & Equity Research Inc sold 55,183 shares as Amgen (AMGN)’s stock declined 9.68%. The Los Angeles Capital Management & Equity Research Inc holds 543,661 shares with $93.64M value, down from 598,844 last quarter. Amgen now has $122.69B valuation. The stock declined 0.65% or $1.11 reaching $169.02 per share. About 90,989 shares traded. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since November 15, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.

Investors sentiment decreased to 1.15 in Q2 2017. Its down 0.10, from 1.25 in 2017Q1. It dived, as 72 investors sold AMGN shares while 463 reduced holdings. 100 funds opened positions while 517 raised stakes. 557.32 million shares or 1.16% less from 563.88 million shares in 2017Q1 were reported. Northstar Gru Incorporated accumulated 2,280 shares or 0.24% of the stock. Oberweis Asset Mgmt accumulated 2,027 shares. State Farm Mutual Automobile Ins, Illinois-based fund reported 3.26M shares. Waddell Reed Financial has invested 0.09% in Amgen, Inc. (NASDAQ:AMGN). Perella Weinberg Cap Mngmt LP has invested 0.11% in Amgen, Inc. (NASDAQ:AMGN). Advisory Network Limited Liability Co has 16,213 shares for 0.36% of their portfolio. Sg Americas Secs Lc reported 2,503 shares. Triangle Securities Wealth reported 1.37% in Amgen, Inc. (NASDAQ:AMGN). Grimes And Commerce stated it has 1.03% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Edgar Lomax Com Va has invested 0.76% in Amgen, Inc. (NASDAQ:AMGN). Cls Investments Ltd Llc has 0% invested in Amgen, Inc. (NASDAQ:AMGN). Smith Salley reported 19,529 shares stake. West Oak Cap Limited Liability Company holds 0% in Amgen, Inc. (NASDAQ:AMGN) or 10,249 shares. Moreover, Dubuque Comml Bank And Trust Co has 3.08% invested in Amgen, Inc. (NASDAQ:AMGN) for 82,136 shares. Brighton Jones Limited Liability Corp accumulated 2,641 shares.

Among 22 analysts covering Amgen Inc. (NASDAQ:AMGN), 10 have Buy rating, 0 Sell and 12 Hold. Therefore 45% are positive. Amgen Inc. had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, February 5 by Leerink Swann. As per Thursday, July 20, the company rating was maintained by Cowen & Co. The firm earned “Outperform” rating on Friday, September 29 by Credit Suisse. The firm has “Hold” rating given on Thursday, October 26 by RBC Capital Markets. Oppenheimer maintained the shares of AMGN in report on Tuesday, August 29 with “Buy” rating. The firm earned “Buy” rating on Friday, July 14 by Mizuho. The firm earned “Buy” rating on Thursday, October 12 by Piper Jaffray. As per Sunday, October 29, the company rating was maintained by Mizuho. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, December 15 report. As per Friday, August 26, the company rating was initiated by Gabelli.

Analysts await Amgen, Inc. (NASDAQ:AMGN) to report earnings on February, 1. They expect $3.02 earnings per share, up 4.50% or $0.13 from last year’s $2.89 per share. AMGN’s profit will be $2.19 billion for 13.99 P/E if the $3.02 EPS becomes a reality. After $3.27 actual earnings per share reported by Amgen, Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth.

Since May 24, 2017, it had 0 insider purchases, and 2 insider sales for $1.02 million activity. $569,541 worth of stock was sold by BALTIMORE DAVID on Wednesday, May 31. Another trade for 2,922 shares valued at $451,164 was sold by Patton Cynthia M.

Los Angeles Capital Management & Equity Research Inc increased Advanced Micro Devic (NASDAQ:AMD) stake by 1.11 million shares to 1.30M valued at $16.28M in 2017Q2. It also upped Electronic Arts (NASDAQ:EA) stake by 163,055 shares and now owns 556,961 shares. S&P Global Inc was raised too.

Since June 12, 2017, it had 0 buys, and 1 sale for $240,059 activity. SULLIVAN THOMAS R sold 7,113 shares worth $240,059.

About 94 shares traded. Mercantile Bank Corp. (NASDAQ:MBWM) has risen 34.10% since November 15, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.01, from 1.26 in 2017Q1. It dropped, as 8 investors sold Mercantile Bank Corp. shares while 24 reduced holdings. 8 funds opened positions while 32 raised stakes. 8.59 million shares or 1.45% more from 8.47 million shares in 2017Q1 were reported. Great West Life Assurance Communications Can owns 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 1,800 shares. Parametric Port Associate Llc invested in 0% or 15,053 shares. State Of New Jersey Common Pension Fund D holds 0.01% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM) for 47,339 shares. California State Teachers Retirement Systems invested 0% in Mercantile Bank Corp. (NASDAQ:MBWM). Comml Bank Of Mellon invested in 111,117 shares. Strs Ohio has 22,000 shares. Panagora Asset Mngmt Inc owns 179,060 shares for 0.02% of their portfolio. 30,400 are held by Wedge Capital L Limited Partnership Nc. Renaissance Tech Ltd Company has 0.03% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 681,215 shares. First Savings Bank Of Omaha accumulated 22,430 shares. Menta Cap Ltd Liability Corporation owns 0.15% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 39,342 shares. Blackrock Inc holds 0% or 882,488 shares in its portfolio. Seizert Cap Ptnrs Limited Co holds 58,783 shares or 0.07% of its portfolio. Creative Planning stated it has 320 shares. Bnp Paribas Arbitrage reported 2,002 shares stake.

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